720 E MONTECITO Avenue, Phoenix, AZ 85014
Property image
Property image
OFF MARKET

$929,800

Trulia Estimate
  • 7 Beds
  • 4 Baths
  • 2,725 sqft

720 E MONTECITO Avenue, Phoenix, AZ 85014

Encanto
Est. Refi. Payment $5,518/mo*
Refinance Your Home
Currently Off Market - Sold Dec 30, 2024 for $1,000,000

Home Value

Trulia Estimate
$930K
Since last month
Decreased$11K (-1.2%)
Since last year
Decreased$66K (-6.6%)
Since last sale
Decreased$68K (-6.8%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +282% in the last 10 years
MonthEstimated value
2026
September 2026$932K
August 2026$944K
July 2026$929K
June 2026$933K
May 2026$937K
April 2026$942K
March 2026$954K
February 2026$953K
January 2026$950K
2025
2024
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
805 E Turney Avenue, Phoenix, AZ
0.04
Multi-Family Home
$800,000
12/18/25
6
4
3,030
822 E MONTECITO Avenue, Phoenix, AZ
0.08
Multi-Family Home
$835,000
05/30/26
6
5
3,300
1225 E CAMPBELL Avenue, Phoenix, AZ
0.52
Multi-Family Home
$915,000
05/08/26
5
4
2,650
4235 N 13TH Place, Phoenix, AZ
0.65
Multi-Family Home
$811,275
10/23/25
6
3
2,646
1012 E PIERSON Street, Phoenix, AZ
0.62
Multi-Family Home
$855,000
04/08/26
8
2
2,630
4515 N 14TH Place, Phoenix, AZ
0.79
Multi-Family Home
$945,000
08/13/26
5
3
2,700
1005 E MARIPOSA Street, Phoenix, AZ
0.64
Multi-Family Home
$605,000
06/03/26
5
3
1,905
4640 N 11TH Place, Phoenix, AZ
0.53
Multi-Family Home
$665,000
12/03/25
4
2
1,976
1306 E CAMPBELL Avenue, Phoenix, AZ
0.60
Multi-Family Home
$955,000
01/09/26
7
2
3,300
4718 N 9TH Street, Phoenix, AZ
0.49
Multi-Family Home
$725,000
12/17/25
4
1
1,640

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
806 E MONTECITO Avenue, Phoenix, AZ 85014
0.03
-
4
3
2,089
Off Market
805 E Turney Avenue, Phoenix, AZ 85014
0.04
$800,000
6
4
3,030
Recently Sold
920 E DEVONSHIRE Avenue #2027, Phoenix, AZ 85014
0.08
$282,000
2
2
1,184
Recently Sold
920 E DEVONSHIRE Avenue #4025, Phoenix, AZ 85014
0.09
$277,600
2
2
1,184
Off Market
920 E DEVONSHIRE Avenue #3031, Phoenix, AZ 85014
0.09
$250,000
2
1.5
1,024
For Sale
920 E DEVONSHIRE Avenue #2006, Phoenix, AZ 85014
0.10
$214,900
2
2
1,184
Foreclosure
822 E MONTECITO Avenue, Phoenix, AZ 85014
0.08
$835,000
6
5
3,300
Recently Sold
920 E DEVONSHIRE Avenue #2019, Phoenix, AZ 85014
0.10
$337,900
3
2
1,248
Off Market
920 E DEVONSHIRE Avenue #2020, Phoenix, AZ 85014
0.11
$285,000
2
2
1,184
Recently Sold
920 E DEVONSHIRE Avenue #4021, Phoenix, AZ 85014
0.11
$263,100
2
2
1,024
Off Market
920 E DEVONSHIRE Avenue #4022, Phoenix, AZ 85014
0.12
$260,000
2
2
1,184
For Sale

Local Information

  • Map ViewExplore the area around 720 E MONTECITO Avenue.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1955
2,725 sqft
$341/sqft
6 Open Spaces

About this House

Montecito is a 4-unit apartment community located in the Midtown Phoenix Submarket. Built in 1955, the asset has been extensively renovated over the past few years and features (3) 2+1 units and (1) 1+1 unit . Current ownership has successfully run short-term rentals on 3 of the 4 units through Air BnB. New ownership will have the opportunity to take over the 3 units furnished and continue the current operation or run as a traditional apartment building. Significant capital is being invested in the immediate area with the addition of Fate Brewery and several new townhome developments around the corner. The property also sits in close proximity to Carl T Hayden VA Hospital, Brophy & Xavier Prep Schools, and provides easy access to Midtown & Downtown Phoenix.

CONTACT AGENT FOR COPY OF OM
720 E MONTECITO Avenue, Phoenix, AZ 85014 is a 7 bedroom, 4 bathroom, 2,725 sqft multi-family in Encanto, built in 1955. It last sold for $1,000,000 on Dec 30, 2024 (2% below the $1,025,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $929,800, with a rent estimate of $2,629/month.
Last check for updates: about 9 hours ago
Listed by Bradley Skenderian, (949) 533-5594
Matthews Real Estate Investment Services
Bought with: Blanca Guerrero, (602) 518-5713, HomeSmart
Source: ARMLS, MLS#6714468
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Home Details for 720 E MONTECITO Avenue

Interior Features

Beds & Baths
Number of Bedrooms: 7Number of Bathrooms: 4
Dimensions and Layout
Living Area: 2725 Square Feet
Appliances & Utilities
Appliances: Built-In Range, Washer/Dryer
Heating & Cooling
Heating: IndividualHas CoolingAir Conditioning: IndividualHas HeatingHeating Fuel: Individual
Gas & Electric
Electric: APSHas Electric on Property
Windows, Doors, Floors & Walls
Flooring: Vinyl
Levels, Entrance, & Accessibility
Floors: Vinyl

Exterior Features

Exterior Home Features
Roof: Composition
Parking & Garage
Open Parking Spaces: 6No CarportNo GarageHas Open ParkingParking Spaces: 6Parking: Other
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 197

Property Information

Year Built
Year Built: 1955
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Stucco, Block
Property Information
Parcel Number: 15519027

Price & Status

Price
List Price: $1,025,000
Status Change & Dates
Off Market Date: Wed Dec 18 2024

Active Status

MLS Status: Closed

Location

Direction & Address
City: PhoenixCommunity: CAROLYN PLACE LOT 1-9, 46-54
School Information
Elementary School District: Osborn Elementary DistrictHigh School District: Phoenix Union High School District

Building

Building Area
Building Area: 2725 Square Feet

Community

Community Features: No Pool

Lot Information

Lot Area: 9095 sqft

Offer

Listing Terms: Conventional

Business

Business Information
Ownership: Fee Simple

Rental Terms, Policies & Fees

Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer

Miscellaneous

Mls Number: 6714468

Additional Information

No Pool

Price and Tax history

DateEventPrice
Dec 30, 2024
Source: ARMLS #6714468
Sold
$1,000,000
Dec 18, 2024
Source: ARMLS #6714468
Pending
$1,025,000
Sep 28, 2024
Source: ARMLS #6714468
PriceChange
$1,025,000
Price decreased by 7%
Jun 4, 2024
Source: ARMLS #6714468
Listed For Sale
$1,100,000
Sep 9, 2019
Source: Agent Provided
ListingRemoved
$789,000

Market trends in Encanto

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$466K
$12.13KMoM
Sale-to-List Price
98.2%
0.3%MoM
Price per sq ft
$325
$1MoM
Available listings
275
9MoM

Around this home

Neighborhood Overview

Encanto
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Encanto

At least 534 Trulia users voted on each feature.

  • 88 % Say it's dog friendly

  • 84 % Say there are sidewalks

  • 80 % Say car is needed

  • 79 % Say parking is easy

  • 70 % Say yards are well-kept

  • 69 % Say it's walkable to restaurants

  • 68 % Say there's holiday spirit

  • 59 % Say people would walk alone at night

  • 58 % Say streets are well-lit

  • 53 % Say it's quiet

  • 51 % Say they plan to stay for at least 5 years

  • 50 % Say it's walkable to grocery stores

  • 48 % Say kids play outside

  • 46 % Say neighbors are friendly

  • 32 % Say there are community events

  • 23 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Joan
    "I lived in this house for 4 years and it was a dream. Loved everything about it. It’s a safe neighborhood with great people. The walls are so thick so it’s very quiet. I worried when I moved in that there would be homeless or people walking down the streets (I can from LA) and it never happened. I would sit on the front porch for hours with my dog and it was just the best. Whoever gets this home (and closet!!) will love it. "
    1
    Flag
  • James Harold Bowens Jr.
    "Clear walk paths and not a lot of loose dogs. Plenty of open areas to allow your dog to get exercise. "
    0
    Flag
  • Unknown
    "There are many dog owners in my neighborhood. It is a friendly place for dogs and their owners. There is a landscaped and lit canal walking trail. "
    0
    Flag
  • Ciara Ruiz
    "Ok could be better. Not the greatest. A lot of homelessness. They sneak in to the apartment complex. "
    1
    Flag
  • Trulia User
    "My neighborhood is very close knit, its homes are owned by long term owners. We look out for each other and take pride in are homes. "
    2
    Flag
  • Trulia User
    "its in the desert smack dab downtown almost and close to the airport. its equidistant to almost all outskirts of the valley. its is located by everything that you dont need to travel far. This area is getting renovated and remodeling a lot of houses."
    10
    Flag
  • Trulia User
    "The state fair, of course. Permit parking even if you’re a resident. Having to maintain grass in the desert, and the occasional lovely visit to your porch, by some of the local charming vagrants."
    3
    Flag
  • Trulia User
    "My commute is pretty simple and safe from work to home. Have not encounter any violence in the past 2 years of living in the area "
    0
    Flag
  • Trulia User
    "It’s a very close knit community. Everyone here is helpful and kind. Definitely cannot leave your packages out front, but mostly good otherwise! "
    4
    Flag
  • Trulia User
    "Everyone has fenced yards, but some people walk their dogs, it’s safe to do that during the day or night"
    1
    Flag
  • Trulia User
    "I’ve lived in central Phoenix for over 20 years, it has changed a lot but the neighborhood is still the same in many ways lots of friendly people "
    1
    Flag
  • Trulia User
    "I’ve lived in central Phoenix over 25yrs, it is a great area to live. People are friendly and keep neighborhood nice "
    1
    Flag
  • Trulia User
    "The area is easily accessible to all other areas of the valley and typically it's not far to a bus stop or Lyft is good too. "
    0
    Flag
  • Trulia User
    "having to pick up their dog poop and dogs just running without a leash but they will like to have a dog play round and toys for pets or bathroom spot for dogs and somewhere where the dogs can drink water and rest at. "
    0
    Flag
  • Trulia User
    "Have not seen many community events around. Like the area though. Generally pretty quiet in my area "
    1
    Flag
  • Trulia User
    "This neighborhood is great for those willing to take public transportation. The bus routes are everywhere and very close to the light rail."
    0
    Flag
  • Trulia User
    "Beware of traffic, lots of fast moving traffic! There are car accidents almost daily and drivers seem unaware of what's going on not only in the intersections but also on 16th street and Osborn Rd both ... "
    0
    Flag
  • Trulia User
    "Neighborhood community group activities, neighborhood yard sales, shred events, historic neighborhood, neighborhood first aid & CPR classes. "
    0
    Flag
  • Trulia User
    "Lived here over 20 years, very quiet and safe place to live, friendly fun neighbors who walk their dogs, jog and spend time outside a lot "
    0
    Flag
  • Trulia User
    "Everyone is so friendly and neighbors are awesome there’s so many great things about living in central Phoenix. We all are really nice people we just have so many good neighbors. Everyone watch watches for each other nobody uses profanity on the streets is just so great to live in downtown Phoenix restaurants are always gree with service there is no issues with any restaurants at all. Parts are very clean and we are so close to hiking trails and biking routes"
    0
    Flag
  • Trulia User
    "Lots of long-time families live here. Even though the area isn't that safe, the neighbors at least try to maintain the street and notify one another of packaging. Really good people live in this area and try their best to keep things nice."
    1
    Flag
  • Trulia User
    "Lovely place to live, everyone super nice. Everyone in downtown Phoenix is such a great people. Parks are clean and all people so friendly, love the environment created in the city."
    0
    Flag
  • Chrissie L. A.
    "I have immediate access to the freeway and I have no issues. I work on tempe so the only bottleneck is of course at the tunnel."
    4
    Flag
  • Charlzstevens
    "The community feel is overall great , close enough to downtown without being too deep I’m a fan in general "
    2
    Flag
  • Jasminejohnsonmusic
    "Dogs are on leashes while being walked. No dogs running around as strays. Very dog-friendly community."
    2
    Flag
  • Toni S.
    "I think it’s fine. No issues with dog ownership that I have noticed. Good neighborhood for dogs or any animals "
    4
    Flag
  • Sid M.
    "I live on Osborn and would not have kids off the busy road. Good area over all. It is nice for walks with my dog and family."
    2
    Flag
  • Luanne
    "There are luminarias at Christmas and monthly cocktail parties, plus neighborhood front yard concerts."
    1
    Flag
  • Songnheart71159
    "There are many families in the neighborhood with diversity. It's a great area with accessibility to the museums and downtown nightlife."
    1
    Flag
  • Kirsten
    "I don’t know why I got this survey. Although I had a friend that lived in the neighborhood and loved it and enjoyed visiting. Love the dog park and the bars and restaurants nearby. I live nearby but would love to live in the area if given the opportunity. "
    2
    Flag
  • Sam D.
    "Most people own dogs and you’ll see them walking them. People stop to say hi and give treats. This is a dog friendly neighborhood "
    1
    Flag
  • Dustysusan
    "Many homeless, drug dealing, camping out in alley, going to the bathroom next to dumpsters...& more!"
    3
    Flag
  • Weston A.
    "Midtown is fantastic, things are really great and getting better all the time. We hope to buy here in the very near future, we've rented here for years."
    1
    Flag
  • Sam D.
    "Family neighborhood, quiet, clean, dog friendly, close to downtown, unique houses, a lot of renovation going on which will make the neighborhood better without losing its character"
    0
    Flag
  • Luanne
    "It’s a lovely neighborhood where everyone looks out for one another. It feels like a throwback to another era."
    2
    Flag
  • Tgrady
    "Willo-Encanto District tours, neighborhood crime watch, concerts, and Willo/Encanto quarterly updates/magazine. "
    0
    Flag
  • Keelyinphx
    "Encanto Park and golf course are really nice. Very close to the Fairgrounds. Close to events and nightlife in downtown and midtown."
    0
    Flag
  • Praphul N.
    "it's easy commute any where f on downtown.phoenix to camel back and Biltmore area. With new grocery stores like Sprouts and Safeway things have changed."
    1
    Flag
  • Freshd34
    "Encanto is a good neighborhood for diversity in lifestyle and amenities. There is a lot of parks and shopping centers nearby. An assortment of restaurants are nearby too. The cost of living is not extremely high. Just a good, solid place to live overall"
    0
    Flag
  • Toccara B.
    "Simple and far from complicated, only dislike in this neighborhood is the weird guys who honk at you for walking down the street "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 720 E MONTECITO Avenue

  • What is 720 E MONTECITO Avenue estimated to be worth?
    Trulia's estimated value for 720 E MONTECITO Avenue in Phoenix, AZ is $929,800.
  • What is the price history for 720 E MONTECITO Avenue?
    720 E MONTECITO Avenue in Phoenix, AZ last sold for $1,000,000 in December 2024.
  • Is Phoenix a buyer's or seller's market?
    Phoenix is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Phoenix?
    The median sale price in Phoenix is $466K. That is up $12.13K from the prior month.
  • Does 720 E MONTECITO Avenue have air conditioning?
    Yes, 720 E MONTECITO Avenue in Phoenix, AZ has air conditioning.
  • Does 720 E MONTECITO Avenue have laundry facilities?
    Yes, 720 E MONTECITO Avenue in Phoenix, AZ has laundry facilities.

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